Duolingo (NASDAQ: DUOL ) has been a core holding of mine for some time yet I regretfully stated investors shouldn’t rush to add shares of Duolingo in my last article as I stated theAnalyst’s Disclosure:I/we have a beneficial long position in the shares of DUOL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whos ...

Gamified mobile learning company Duolingo (DUOL 1.35%) has been a market-crushing investment. The stock closed its first day of trading in 2021 at $139 per share. As of this writing, just four years later, it's trading at over $520 per share, up 276% and trading near an all-time high. For perspective, the S&P 500 is up just 34% during this time.Duolingo is outrunning the market for at least two simple reasons. First, it's growing like a weed. Second, it's actually quite a profitable business. The end result ...

Core Insights - Duolingo's stock has increased by 164% over the past 12 months due to strong financial performance and growth potential [1] - The company reported record levels in revenue, bookings, and net income for 2024, with revenue rising 41% to $748 million and net income increasing from $14 million to $89 million [3] - In Q1 2025, revenue jumped 38% year over year to $231 million, and bookings also increased by 38% to $272 million [4] Financial Performance - Monthly active users (MAU) reached 130.2 million, a 33% increase year over year, while daily active users rose by 49% to 46.6 million [5] - The paid subscriber penetration rate improved from 8.6% to 8.9% year over year, indicating better user engagement [6] - The adjusted EBITDA margin improved by approximately 900 basis points to 27.2% for Q1 2025 [4] Market Opportunity - The online language learning industry is projected to be worth $47 billion by 2025, representing a small portion of the $6 trillion global education spending [7] - With 2 billion people worldwide learning a new language, Duolingo has significant room for growth, as less than 10% of its MAUs are paying subscribers [8] Strategic Initiatives - Duolingo is expanding its offerings by adding new subjects like music and math to attract a broader audience [9] - The introduction of artificial intelligence, including enhancements to the virtual assistant Lily, aims to improve learning outcomes and user experience [10] Valuation Concerns - Duolingo's stock is considered expensive, with a price-to-earnings ratio exceeding 250 and a price-to-sales ratio of 30 times trailing revenue [11] - The high valuation carries risks, as any negative developments could lead to a significant contraction in valuation [12]

Core Insights - Investors in the Technology Services sector may consider Gen Digital (GEN) and Duolingo, Inc. (DUOL) as potential stocks for investment [1] - A strong Zacks Rank combined with a good Value grade is identified as an effective strategy for finding value stocks [2] Valuation Metrics - Both GEN and DUOL currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3] - GEN has a forward P/E ratio of 11.51, while DUOL has a significantly higher forward P/E of 175.67 [5] - The PEG ratio for GEN is 1.09, suggesting a more favorable valuation relative to its expected earnings growth, compared to DUOL's PEG ratio of 3.91 [5] - GEN's P/B ratio stands at 7.61, indicating a lower market value relative to its book value, while DUOL's P/B ratio is much higher at 26.09 [6] - Based on these valuation metrics, GEN is rated with a Value grade of B, whereas DUOL has a Value grade of F [6] Investment Conclusion - Despite both companies having solid earnings outlooks, GEN is considered the superior value option based on the discussed valuation figures [7]

图片来源：Justin Merriman/Bloomberg via Getty Images 语言学习应用多邻国曾经发布过一系列人工智能将取代人类的宣言，结果引发了强烈批评。如今，多邻 国成为最新一家公开为人工智能热潮降温的公司。 多邻国联合创始人兼首席执行官路易斯·冯·安上周四在LinkedIn发文，修正了先前推崇人工智能取代人 类员工的立场。 他写道："需要澄清的是，我并不认为人工智能正在取代员工的工作（事实上我们仍保持原有招聘速 度）。我将人工智能视为在保持或提高工作质量的前提下提升效率的工具。我们越早学会如何负责任地 使用人工智能，从长远来看就对我们越有利。" 他补充道："没有人需要独自应对这场变革。我们正在开发培训课程、组建顾问委员会，并开辟专门的 实验时间，帮助所有团队学习和适应。" 此番澄清与该公司一周前的立场相比出现了180度大转弯。当时多邻国宣布将"逐步停止使用合同工处理 人工智能可以完成的工作"，在年度考核中将评估员工的人工智能掌握程度，并仅在"团队无法进一步将 工作自动化时"再招聘新人。 冯·安此前在播客节目中似乎更倾向于认为人工智能将取代人类教师。他在莎拉·郭主持的《No Prior ...

• 产品、软件工程师和设计这三个角色会因为 AI 的出现越来越融合，最新推出的国际象棋课程就是 由两位没有 coding 经验的团队成员在 AI 工具的帮助下推动项目在 9 个月内上线； • Duolingo 内部很鼓励员工使用各种 AI 产品来提升效率，Severin 还专门提到了 Cursor 、 Decagon 这 两款产品； • 出于产品效率和用户体验，Duolingo 最终选择围绕"学习"场景构建出一个 Super App，而不是 App 矩阵； 编译：yuhao 编辑：Siqi 海外独角兽原创编译 转载请注明 本篇内容是「AGIX 投什么」系列的第 7 篇。 AGIX 指数 从全球上千家科技上市公司中精选出的 40 家左右最能把握 AGI 价值整理的公司，AGIX 指数组合即是定位 AGI 进程的坐标，也能够为投资者 捕捉 AI-alpha 提供价值工具。在「AGIX 投什么」板块，我们会对 AGIX Index 的组合公司进行深度 分析，输出全面的 AI 投资参考。 作为 AGIX 覆盖公司，多邻国一直是 AGIX 重要 增长动力贡献之一 ，在"AGIX 潜力模型"中评分极 高。前不久，多邻国 ...

海外行业报告 | 行业动态研究 Duolingo 2025Q1 业绩点评 证券研究报告 营收月活均超预期，Max 订阅占总订阅 7% 事件： 业绩情况：Duolingo 公布 2025Q1 季报，营业收入 2.3 亿美元，同比增长 38%，超越市场预期 3.7%。一季度公司毛利率为 71.1%，较 2024 年同期 73.0% 同比下降，主要系 Duolingo Max 高级订阅层级扩展带来的生成式 AI 成本 增加，导致订阅毛利率下降。调整后 EBITDA 为 6280 万美元，较去年同期 的 4400 万美元大幅增长；调整后 EBITDA 利润率分别为 27.2%，去年同期 为 26.3%；净利润为 3510 万美元，显著高于去年同期的 2700 万美元 作者 孔蓉 分析师 SAC 执业证书编号：S1110521020002 kongrong@tfzq.com 李泽宇 分析师 SAC 执业证书编号：S1110520110002 lizeyu@tfzq.com DAU、MAU 增长迅速，Max 订阅占总订阅 7%：一季度日活跃用户（DAUs） 为 4660 万，同比增长 49%；月活跃用户（MAUs）为 1 ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Duolingo, Inc. (DUOL) .Duolingo currently has an average brokerage recommendation (ABR) of 1.94 ...

Core Viewpoint - Duolingo is adopting an "AI-first" strategy, emphasizing the integration of AI in its operations and product offerings, which includes the launch of 148 new language courses powered by generative AI [3][33]. Group 1: AI Integration and Strategy - Duolingo's CEO, Luis von Ahn, stated that the company cannot wait for technology to be 100% perfect and prefers to act quickly [3]. - The introduction of generative AI has significantly accelerated course development, allowing Duolingo to create 148 new language courses in just over a year, compared to the 12 years it took to develop the first 100 courses [33]. - The new courses are designed for beginners and include immersive learning features, such as "Stories" for reading comprehension and "DuoRadio" for listening skills [33]. Group 2: User Experience and Challenges - Despite the innovative features, users express dissatisfaction, feeling that the platform does not effectively facilitate language learning [34][46]. - The AI-driven approach has led to a reduction in human instructors, raising concerns about the impact on job security and the quality of learning experiences [31]. - Users have reported encountering nonsensical examples and a lack of practical application in real-life language use, questioning the effectiveness of the AI-generated content [37][44]. Group 3: Market Position and Future Outlook - Duolingo's marketing strategies have successfully increased user engagement, but there are underlying issues regarding the actual learning outcomes [6][27]. - The company aims to provide a personalized language tutoring experience, leveraging AI as a powerful assistant in achieving this goal [30]. - The ongoing challenge remains whether AI can genuinely enhance the learning experience or merely serve as a more entertaining facade [46].

Group 1 - The core strategy of Duolingo is an "AI-first" approach, emphasizing the integration of AI in recruitment and operational processes, with CEO Luis von Ahn stating a preference for action over waiting for perfect technology [1][22][27] - Duolingo has launched 148 new language courses, significantly aided by generative AI in content development and testing, which allows for rapid course creation compared to previous timelines [28][29] - The introduction of features powered by GPT-4, such as "Explain My Answer" and "Roleplay," enhances user engagement and learning experience, showcasing a close partnership with OpenAI [9][13][14] Group 2 - Despite the advancements, user dissatisfaction arises from the perception that the "AI-first" strategy undermines human roles, leading to layoffs and reduced contractor reliance [22][23] - The company aims to not just optimize existing processes but to fundamentally reinvent them, reflecting a radical approach to automation and efficiency [25][27] - While the platform offers a variety of languages and engaging methods, users express concerns about the effectiveness of learning, indicating a gap between initial engagement and actual language mastery [31][32][49]